Telefonica Correlations

TEF Stock

USD 4.16 0.11 2.58%

The current 90-days correlation between Telefonica SA ADR and Vodafone Group PLC is -0.09 (i.e., Good diversification). The correlation of Telefonica is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Telefonica Correlation With Market

Significant diversification

The correlation between Telefonica SA ADR and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telefonica SA ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Telefonica Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Telefonica SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with Telefonica Stock

0.7	KT	KT Corporation	Pair Corr
0.87	CHT	Chunghwa Telecom	Pair Corr
0.66	301139	Wintao Communications	Pair Corr
0.75	BBB	Bigblu Broadband PLC	Pair Corr
0.74	002929	Runjian Communication	Pair Corr
0.71	ABB	Aussie Broadband	Pair Corr
0.82	T	Telus Corp	Pair Corr
0.8	GAMA	Gamma Communications PLC	Pair Corr
0.91	CCOI	Cogent Communications	Pair Corr
0.65	TPG	TPG Telecom	Pair Corr

Moving against Telefonica Stock

0.94	QBR-A	Quebecor	Pair Corr
0.84	FYBR	Frontier Communications Sell-off Trend	Pair Corr
0.78	300959	Wuxi Online Offline	Pair Corr
0.77	TLK	Telkom Indonesia Tbk	Pair Corr
0.59	CCA	Cogeco Communications	Pair Corr
0.45	LUMN	Lumen Technologies	Pair Corr
0.93	CTBG	Coil Tubing Technology	Pair Corr
0.81	PNGM	Er Therapeutics	Pair Corr
0.59	QNCX	Quince Therapeutics,	Pair Corr
0.57	BKHAU	Black Hawk Acquisition	Pair Corr
0.44	CSCCF	Capstone Copper Corp	Pair Corr
0.43	ZEG	Zegona Communications Plc Earnings Call This Week	Pair Corr
0.33	SZLMY	Swiss Life Holding	Pair Corr

Related Correlations Analysis

	VOD	CHT	CHTR	TU	VIV	BCE	TLK	NBIS	RCI	FOXA
VOD		-0.68	-0.77	-0.79	0.56	0.08	0.81	-0.61	0.47	0.75	VOD
CHT	-0.68		0.87	0.93	-0.33	0.23	-0.75	0.29	-0.55	-0.8	CHT
CHTR	-0.77	0.87		0.9	-0.56	0.27	-0.9	0.59	-0.68	-0.76	CHTR
TU	-0.79	0.93	0.9		-0.38	0.11	-0.82	0.48	-0.57	-0.76	TU
VIV	0.56	-0.33	-0.56	-0.38		-0.3	0.66	-0.57	0.41	0.43	VIV
BCE	0.08	0.23	0.27	0.11	-0.3		-0.28	0.09	-0.11	-0.3	BCE
TLK	0.81	-0.75	-0.9	-0.82	0.66	-0.28		-0.67	0.55	0.78	TLK
NBIS	-0.61	0.29	0.59	0.48	-0.57	0.09	-0.67		-0.11	-0.48	NBIS
RCI	0.47	-0.55	-0.68	-0.57	0.41	-0.11	0.55	-0.11		0.27	RCI
FOXA	0.75	-0.8	-0.76	-0.76	0.43	-0.3	0.78	-0.48	0.27		FOXA
	VOD	CHT	CHTR	TU	VIV	BCE	TLK	NBIS	RCI	FOXA

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TU	+ 0.93	CHT
TU	+ 0.9	CHTR
CHTR	+ 0.87	CHT
TLK	+ 0.81	VOD
FOXA	+ 0.78	TLK
FOXA	+ 0.75	VOD

High negative correlations

TLK	- 0.9	CHTR
TLK	- 0.82	TU
FOXA	- 0.8	CHT
TU	- 0.79	VOD
CHTR	- 0.77	VOD
FOXA	- 0.76	TU

Risk-Adjusted Indicators

There is a big difference between Telefonica Stock performing well and Telefonica Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Telefonica's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VOD	1.15	0.08	0.04	0.17	1.41	(1.34)	2.16	(2.34)	11.02
CHT	0.51	(0.15)	0.00	(0.45)	0.00	0.00	1.04	(1.07)	2.99
CHTR	1.55	(0.43)	0.00	(0.26)	0.00	0.00	2.91	(3.88)	8.84
TU	0.76	(0.33)	0.00	(1.06)	0.00	0.00	1.33	(1.87)	6.57
VIV	1.32	(0.02)	(0.02)	0.04	2.06	(1.28)	2.11	(2.27)	11.58
BCE	0.93	0.02	(0.06)	(0.01)	1.20	(0.94)	1.95	(1.67)	6.21
TLK	1.54	0.12	0.05	0.29	1.57	(1.70)	3.90	(2.49)	11.70
NBIS	4.44	(0.14)	0.00	(0.03)	0.00	0.00	8.72	(7.80)	21.43
RCI	0.98	0.04	(0.02)	0.63	1.19	(1.07)	1.85	(1.92)	5.62
FOXA	1.15	0.26	0.16	0.45	1.10	(1.21)	2.97	(2.19)	9.84

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